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Bitcoin weekly forecast btc shrugs off clarity act setback and hawkish fed
Confirmed
In Short: Bitcoin remains resilient above $78,000 despite setbacks from the Clarity Act and a hawkish Fed outlook.
Bitcoin's price has held steady above $78,000 this week, showing resilience despite regulatory challenges.
The Clarity Act, which aimed to provide market structure legislation for digital assets, failed to advance in the US Senate due to insufficient votes.
According to K33 Research, the Clarity Act's prospects for passage this year are slim, given the approaching midterm elections and a shrinking Senate calendar.
The Relative Strength Index (RSI) on the weekly chart around 55 indicates mild positive momentum without reaching overbought conditions.
Traders remain cautious, with a hawkish Federal Reserve outlook potentially capping Bitcoin's upside.
A Bitcoin profit calculator, such as the one on Bitcoinfoundation, can help traders set targets, check risk, and account for fee drag.
What's confirmed
- Bitcoin's price has held steady above $78,000 this week, showing resilience despite regulatory challenges.
- The Clarity Act, which aimed to provide market structure legislation for digital assets, failed to advance in the US Senate due to insufficient votes.
- According to K33 Research, the Clarity Act's prospects for passage this year are slim, given the approaching midterm elections and a shrinking Senate calendar.
- The Relative Strength Index (RSI) on the weekly chart around 55 indicates mild positive momentum without reaching overbought conditions.
- Traders remain cautious, with a hawkish Federal Reserve outlook potentially capping Bitcoin's upside.
- A Bitcoin profit calculator, such as the one on Bitcoinfoundation, can help traders set targets, check risk, and account for fee drag.
What's still developing
- "The Clarity Act is therefore wounded, not necessarily dead. Senator Thom Tillis preserved the option of another vote, while Gillibrand and six other Democrats said Wednesday that they remain committed to passing market structure legislation. The problem is time. With the midterms approaching and the Senate calendar shrinking, the path to a deal this year is now extremely narrow," concluded the K33 Research analyst.
- Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone.
- The Digital Asset Market Clarity (CLARITY) Act failed to pass in the US Senate on Tuesday, after falling short of the 60 votes needed to invoke cloture.
- This page works as a Bitcoin profit calculator for quick trade math with fees included.
- The result is not a forecast, but it is useful for setting targets, checking risk, and spotting fee drag.
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